As Calgary real estate prices have dropped in recent months, many have been tempted to buy investment properties at lower prices in order to flip them for a profit when the market recovers.
There’s nothing wrong with that—in fact, I think that investing in real estate is a great idea, even given the current climate of volatility. The key, however, to successfully investing in real estate is to really know what you’re doing.
On that note: there are a lot of so-called experts out there now, marketing their home flipping courses with promises of huge pay-outs.
I’m a born and raised Calgarian. I’ve been a realtor for 6 years now. I worked for Cardel Homes 2 years before that. I bought my first house in Calgary when I was 22 years old and sold it 4…